London CNN Business — Europe has agreed to a cap on natural gas prices, following months of debate over whether the measure will protect European households and businesses from extreme price spikes as temperatures plummet. In a Monday meeting, EU energy ministers agreed to trigger a cap on the price of month-ahead natural gas futures […]
London CNN — European Union governments have reached a deal on the world’s first major carbon border tax, as part of an overhaul of the bloc’s flagship carbon market that aims to make its economy carbon-neutral by 2050. EU ministers finalized details of the Carbon Border Adjustment Mechanism early Sunday after reaching a provisional agreement […]
Hong Kong CNN — Beijing has vowed to go all out next year to save its Covid-hit economy by boosting consumption and loosening control over private industry, including the struggling tech and property sectors. The new pledge marks a big shift from leader Xi Jinping’s years-long effort to rein in private businesses, which were perceived […]
Hong Kong CNN — The sprawling Chinese metropolis of Chongqing announced Sunday that public sector employees testing positive for Covid-19 can go to work “as normal,” a remarkable turnaround for a city that only weeks ago had been in the throes of a mass lockdown. The move comes as China continues to quickly unravel its […]
Jerusalem CNN — Israel deported a French-Palestinian lawyer it accused of organizing, inciting and planning “terrorist attacks” to France early Sunday morning, Israeli authorities said, in a case that an Israeli human rights organization called a “gross violation of basic rights.” Salah Hamouri’s Israeli residency was revoked two weeks ago based on accusations by Israel […]
CNN — President Joe Biden is expected to name former congressman Joe Kennedy III as his special envoy to Northern Ireland for economic affairs, according to two people familiar with the plans, installing a member of one of the United States’ most famous political families to the post at a critical moment for the region. […]
CNN — English football great David Beckham has addressed criticism over his role as an ambassador for Qatar during the World Cup, saying it is “positive that debate about the key issues has been stimulated directly by the first World Cup being held in the region.” British comedian Joe Lycett called on Beckham to step […]
Editor’s Note: A version of this story appears in today’s Meanwhile in the Middle East newsletter, CNN’s three-times-a-week look inside the region’s biggest stories. Sign up here. CNN — Egypt has dug itself a massive hole of debt. On Friday, the International Monetary Fund (IMF) will extend a $3 billion loan to the country, a […]
Hong Kong CNN — US regulators have gained full access to the audits of Chinese companies for the first time, reducing the threat that tech giants such as Alibaba (BABA) and JD.com (JD) could be kicked off US stock exchanges. The announcement marks a major breakthrough in a yearslong standoff over how Chinese companies listed […]
CNN — A planned spacewalk by the Russian space agency Roscosmos has been called off following the discovery of a coolant leak coming from the Soyuz MS-22 spacecraft, which is currently docked to the International Space Station. NASA’s Rob Navias, speaking on the NASA TV broadcast, called it a “fairly significant” leak. Live images during […]
